FedEx on track for worst day in six months, after cutting its outlook over economic concerns
FedEx reported quarterly earnings that missed analysts’ expectations and cut its full-year outlook, citing “ongoing challenges in the global industrial economy, inflationary pressures, and the uncertainties surrounding global trade policies.”
The stock fell 11% just after the open. If it stays that low, it would mark its worst day in the market since September, when it fell 15%.
FedEx reported earnings per share of $4.51, compared to the $4.56 analysts polled by FactSet were expecting. The company did beat expectations on revenue, reporting $22.2 billion compared to the $21.87 billion Wall Street was expecting.
Perhaps most worrisome for investors is that it also slashed its profit guidance for full-year 2025 from “approximately flat” to slightly lower year over year. This comes amid mounting economic uncertainty and concern over consumer sentiment.
FedEx reported earnings per share of $4.51, compared to the $4.56 analysts polled by FactSet were expecting. The company did beat expectations on revenue, reporting $22.2 billion compared to the $21.87 billion Wall Street was expecting.
Perhaps most worrisome for investors is that it also slashed its profit guidance for full-year 2025 from “approximately flat” to slightly lower year over year. This comes amid mounting economic uncertainty and concern over consumer sentiment.
